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Global Road Bicycles Market Research Report 2024
Synopsis
Road Bikes is used to describe bicycles built for traveling at speed on paved roads. Some sources use the term to mean racing bicycle. Other sources specifically exclude racing bicycles from the definition, using the term to mean a bicycle of a similar style but built more for endurance and less the fast bursts of speed desired in a racing bicycle; as such, they usually have more gear combinations and fewer hi-tech racing features.
The global Road Bicycles market was valued at US$ 4181 million in 2023 and is anticipated to reach US$ 4650.5 million by 2030, witnessing a CAGR of 1.5% during the forecast period 2024-2030.
In the global market, the core manufacturers of road bicycle include Giant and Trek etc, and the top 2 manufacturers account for above 20% of the market share. aluminum road bike accounted for 58% and carbon fiber road bike accounted for 30%. The product is mainly used in transportation tools and racing fields, with a share of 76% and 24%.
This report aims to provide a comprehensive presentation of the global market for Road Bicycles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Road Bicycles.
Report Scope
The Road Bicycles market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Road Bicycles market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Road Bicycles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Giant
Trek
Bridgestone Cycle
Hero Cycles
Merida
Fuji Bikes
Xidesheng Bicycle
Accell
Specialized
Ti Cycles
Cannondale
Cube
OMYO
Tianjin Battle
Shanghai Phonex
Flying Pigeon
Grimaldi Industri
Trinx Bikes
Scott Sports
Derby Cycle
LOOK
Atlas
Laux Bike
KHS
Battle
Luyuan
Forever
Segment by Type
All-Road Bicycle
Intelligent Assisted Road Bicycle
Others
Segment by Application
Transportation Tool
Racing
Others
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Road Bicycles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Road Bicycles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Road Bikes is used to describe bicycles built for traveling at speed on paved roads. Some sources use the term to mean racing bicycle. Other sources specifically exclude racing bicycles from the definition, using the term to mean a bicycle of a similar style but built more for endurance and less the fast bursts of speed desired in a racing bicycle; as such, they usually have more gear combinations and fewer hi-tech racing features.
The global Road Bicycles market was valued at US$ 4181 million in 2023 and is anticipated to reach US$ 4650.5 million by 2030, witnessing a CAGR of 1.5% during the forecast period 2024-2030.
In the global market, the core manufacturers of road bicycle include Giant and Trek etc, and the top 2 manufacturers account for above 20% of the market share. aluminum road bike accounted for 58% and carbon fiber road bike accounted for 30%. The product is mainly used in transportation tools and racing fields, with a share of 76% and 24%.
This report aims to provide a comprehensive presentation of the global market for Road Bicycles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Road Bicycles.
Report Scope
The Road Bicycles market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Road Bicycles market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Road Bicycles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Giant
Trek
Bridgestone Cycle
Hero Cycles
Merida
Fuji Bikes
Xidesheng Bicycle
Accell
Specialized
Ti Cycles
Cannondale
Cube
OMYO
Tianjin Battle
Shanghai Phonex
Flying Pigeon
Grimaldi Industri
Trinx Bikes
Scott Sports
Derby Cycle
LOOK
Atlas
Laux Bike
KHS
Battle
Luyuan
Forever
Segment by Type
All-Road Bicycle
Intelligent Assisted Road Bicycle
Others
Segment by Application
Transportation Tool
Racing
Others
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Road Bicycles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Road Bicycles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Index1 Road Bicycles Market Overview
1.1 Product Overview and Scope of Road Bicycles
1.2 Road Bicycles Segment by Type
1.2.1 Global Road Bicycles Market Value Comparison by Type (2024-2030)
1.2.2 All-Road Bicycle
1.2.3 Intelligent Assisted Road Bicycle
1.2.4 Others
1.3 Road Bicycles Segment by Application
1.3.1 Global Road Bicycles Market Value by Application: (2024-2030)
1.3.2 Transportation Tool
1.3.3 Racing
1.3.4 Others
1.4 Global Road Bicycles Market Size Estimates and Forecasts
1.4.1 Global Road Bicycles Revenue 2019-2030
1.4.2 Global Road Bicycles Sales 2019-2030
1.4.3 Global Road Bicycles Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 Road Bicycles Market Competition by Manufacturers
2.1 Global Road Bicycles Sales Market Share by Manufacturers (2019-2024)
2.2 Global Road Bicycles Revenue Market Share by Manufacturers (2019-2024)
2.3 Global Road Bicycles Average Price by Manufacturers (2019-2024)
2.4 Global Road Bicycles Industry Ranking 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Road Bicycles, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Road Bicycles, Product Type & Application
2.7 Road Bicycles Market Competitive Situation and Trends
2.7.1 Road Bicycles Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Road Bicycles Players Market Share by Revenue
2.7.3 Global Road Bicycles Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Road Bicycles Retrospective Market Scenario by Region
3.1 Global Road Bicycles Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global Road Bicycles Global Road Bicycles Sales by Region: 2019-2030
3.2.1 Global Road Bicycles Sales by Region: 2019-2024
3.2.2 Global Road Bicycles Sales by Region: 2025-2030
3.3 Global Road Bicycles Global Road Bicycles Revenue by Region: 2019-2030
3.3.1 Global Road Bicycles Revenue by Region: 2019-2024
3.3.2 Global Road Bicycles Revenue by Region: 2025-2030
3.4 North America Road Bicycles Market Facts & Figures by Country
3.4.1 North America Road Bicycles Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America Road Bicycles Sales by Country (2019-2030)
3.4.3 North America Road Bicycles Revenue by Country (2019-2030)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Road Bicycles Market Facts & Figures by Country
3.5.1 Europe Road Bicycles Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe Road Bicycles Sales by Country (2019-2030)
3.5.3 Europe Road Bicycles Revenue by Country (2019-2030)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Road Bicycles Market Facts & Figures by Country
3.6.1 Asia Pacific Road Bicycles Market Size by Country: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific Road Bicycles Sales by Country (2019-2030)
3.6.3 Asia Pacific Road Bicycles Revenue by Country (2019-2030)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Road Bicycles Market Facts & Figures by Country
3.7.1 Latin America Road Bicycles Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America Road Bicycles Sales by Country (2019-2030)
3.7.3 Latin America Road Bicycles Revenue by Country (2019-2030)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Road Bicycles Market Facts & Figures by Country
3.8.1 Middle East and Africa Road Bicycles Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa Road Bicycles Sales by Country (2019-2030)
3.8.3 Middle East and Africa Road Bicycles Revenue by Country (2019-2030)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Road Bicycles Sales by Type (2019-2030)
4.1.1 Global Road Bicycles Sales by Type (2019-2024)
4.1.2 Global Road Bicycles Sales by Type (2025-2030)
4.1.3 Global Road Bicycles Sales Market Share by Type (2019-2030)
4.2 Global Road Bicycles Revenue by Type (2019-2030)
4.2.1 Global Road Bicycles Revenue by Type (2019-2024)
4.2.2 Global Road Bicycles Revenue by Type (2025-2030)
4.2.3 Global Road Bicycles Revenue Market Share by Type (2019-2030)
4.3 Global Road Bicycles Price by Type (2019-2030)
5 Segment by Application
5.1 Global Road Bicycles Sales by Application (2019-2030)
5.1.1 Global Road Bicycles Sales by Application (2019-2024)
5.1.2 Global Road Bicycles Sales by Application (2025-2030)
5.1.3 Global Road Bicycles Sales Market Share by Application (2019-2030)
5.2 Global Road Bicycles Revenue by Application (2019-2030)
5.2.1 Global Road Bicycles Revenue by Application (2019-2024)
5.2.2 Global Road Bicycles Revenue by Application (2025-2030)
5.2.3 Global Road Bicycles Revenue Market Share by Application (2019-2030)
5.3 Global Road Bicycles Price by Application (2019-2030)
6 Key Companies Profiled
6.1 Giant
6.1.1 Giant Corporation Information
6.1.2 Giant Description and Business Overview
6.1.3 Giant Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Giant Road Bicycles Product Portfolio
6.1.5 Giant Recent Developments/Updates
6.2 Trek
6.2.1 Trek Corporation Information
6.2.2 Trek Description and Business Overview
6.2.3 Trek Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Trek Road Bicycles Product Portfolio
6.2.5 Trek Recent Developments/Updates
6.3 Bridgestone Cycle
6.3.1 Bridgestone Cycle Corporation Information
6.3.2 Bridgestone Cycle Description and Business Overview
6.3.3 Bridgestone Cycle Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Bridgestone Cycle Road Bicycles Product Portfolio
6.3.5 Bridgestone Cycle Recent Developments/Updates
6.4 Hero Cycles
6.4.1 Hero Cycles Corporation Information
6.4.2 Hero Cycles Description and Business Overview
6.4.3 Hero Cycles Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Hero Cycles Road Bicycles Product Portfolio
6.4.5 Hero Cycles Recent Developments/Updates
6.5 Merida
6.5.1 Merida Corporation Information
6.5.2 Merida Description and Business Overview
6.5.3 Merida Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Merida Road Bicycles Product Portfolio
6.5.5 Merida Recent Developments/Updates
6.6 Fuji Bikes
6.6.1 Fuji Bikes Corporation Information
6.6.2 Fuji Bikes Description and Business Overview
6.6.3 Fuji Bikes Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Fuji Bikes Road Bicycles Product Portfolio
6.6.5 Fuji Bikes Recent Developments/Updates
6.7 Xidesheng Bicycle
6.6.1 Xidesheng Bicycle Corporation Information
6.6.2 Xidesheng Bicycle Description and Business Overview
6.6.3 Xidesheng Bicycle Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Xidesheng Bicycle Road Bicycles Product Portfolio
6.7.5 Xidesheng Bicycle Recent Developments/Updates
6.8 Accell
6.8.1 Accell Corporation Information
6.8.2 Accell Description and Business Overview
6.8.3 Accell Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Accell Road Bicycles Product Portfolio
6.8.5 Accell Recent Developments/Updates
6.9 Specialized
6.9.1 Specialized Corporation Information
6.9.2 Specialized Description and Business Overview
6.9.3 Specialized Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Specialized Road Bicycles Product Portfolio
6.9.5 Specialized Recent Developments/Updates
6.10 Ti Cycles
6.10.1 Ti Cycles Corporation Information
6.10.2 Ti Cycles Description and Business Overview
6.10.3 Ti Cycles Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Ti Cycles Road Bicycles Product Portfolio
6.10.5 Ti Cycles Recent Developments/Updates
6.11 Cannondale
6.11.1 Cannondale Corporation Information
6.11.2 Cannondale Road Bicycles Description and Business Overview
6.11.3 Cannondale Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Cannondale Road Bicycles Product Portfolio
6.11.5 Cannondale Recent Developments/Updates
6.12 Cube
6.12.1 Cube Corporation Information
6.12.2 Cube Road Bicycles Description and Business Overview
6.12.3 Cube Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Cube Road Bicycles Product Portfolio
6.12.5 Cube Recent Developments/Updates
6.13 OMYO
6.13.1 OMYO Corporation Information
6.13.2 OMYO Road Bicycles Description and Business Overview
6.13.3 OMYO Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.13.4 OMYO Road Bicycles Product Portfolio
6.13.5 OMYO Recent Developments/Updates
6.14 Tianjin Battle
6.14.1 Tianjin Battle Corporation Information
6.14.2 Tianjin Battle Road Bicycles Description and Business Overview
6.14.3 Tianjin Battle Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Tianjin Battle Road Bicycles Product Portfolio
6.14.5 Tianjin Battle Recent Developments/Updates
6.15 Shanghai Phonex
6.15.1 Shanghai Phonex Corporation Information
6.15.2 Shanghai Phonex Road Bicycles Description and Business Overview
6.15.3 Shanghai Phonex Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.15.4 Shanghai Phonex Road Bicycles Product Portfolio
6.15.5 Shanghai Phonex Recent Developments/Updates
6.16 Flying Pigeon
6.16.1 Flying Pigeon Corporation Information
6.16.2 Flying Pigeon Road Bicycles Description and Business Overview
6.16.3 Flying Pigeon Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.16.4 Flying Pigeon Road Bicycles Product Portfolio
6.16.5 Flying Pigeon Recent Developments/Updates
6.17 Grimaldi Industri
6.17.1 Grimaldi Industri Corporation Information
6.17.2 Grimaldi Industri Road Bicycles Description and Business Overview
6.17.3 Grimaldi Industri Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Grimaldi Industri Road Bicycles Product Portfolio
6.17.5 Grimaldi Industri Recent Developments/Updates
6.18 Trinx Bikes
6.18.1 Trinx Bikes Corporation Information
6.18.2 Trinx Bikes Road Bicycles Description and Business Overview
6.18.3 Trinx Bikes Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Trinx Bikes Road Bicycles Product Portfolio
6.18.5 Trinx Bikes Recent Developments/Updates
6.19 Scott Sports
6.19.1 Scott Sports Corporation Information
6.19.2 Scott Sports Road Bicycles Description and Business Overview
6.19.3 Scott Sports Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.19.4 Scott Sports Road Bicycles Product Portfolio
6.19.5 Scott Sports Recent Developments/Updates
6.20 Derby Cycle
6.20.1 Derby Cycle Corporation Information
6.20.2 Derby Cycle Road Bicycles Description and Business Overview
6.20.3 Derby Cycle Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.20.4 Derby Cycle Road Bicycles Product Portfolio
6.20.5 Derby Cycle Recent Developments/Updates
6.21 LOOK
6.21.1 LOOK Corporation Information
6.21.2 LOOK Road Bicycles Description and Business Overview
6.21.3 LOOK Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.21.4 LOOK Road Bicycles Product Portfolio
6.21.5 LOOK Recent Developments/Updates
6.22 Atlas
6.22.1 Atlas Corporation Information
6.22.2 Atlas Road Bicycles Description and Business Overview
6.22.3 Atlas Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.22.4 Atlas Road Bicycles Product Portfolio
6.22.5 Atlas Recent Developments/Updates
6.23 Laux Bike
6.23.1 Laux Bike Corporation Information
6.23.2 Laux Bike Road Bicycles Description and Business Overview
6.23.3 Laux Bike Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.23.4 Laux Bike Road Bicycles Product Portfolio
6.23.5 Laux Bike Recent Developments/Updates
6.24 KHS
6.24.1 KHS Corporation Information
6.24.2 KHS Road Bicycles Description and Business Overview
6.24.3 KHS Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.24.4 KHS Road Bicycles Product Portfolio
6.24.5 KHS Recent Developments/Updates
6.25 Battle
6.25.1 Battle Corporation Information
6.25.2 Battle Road Bicycles Description and Business Overview
6.25.3 Battle Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.25.4 Battle Road Bicycles Product Portfolio
6.25.5 Battle Recent Developments/Updates
6.26 Luyuan
6.26.1 Luyuan Corporation Information
6.26.2 Luyuan Road Bicycles Description and Business Overview
6.26.3 Luyuan Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.26.4 Luyuan Road Bicycles Product Portfolio
6.26.5 Luyuan Recent Developments/Updates
6.27 Forever
6.27.1 Forever Corporation Information
6.27.2 Forever Road Bicycles Description and Business Overview
6.27.3 Forever Road Bicycles Sales, Revenue and Gross Margin (2019-2024)
6.27.4 Forever Road Bicycles Product Portfolio
6.27.5 Forever Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Road Bicycles Industry Chain Analysis
7.2 Road Bicycles Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Road Bicycles Production Mode & Process
7.4 Road Bicycles Sales and Marketing
7.4.1 Road Bicycles Sales Channels
7.4.2 Road Bicycles Distributors
7.5 Road Bicycles Customers
8 Road Bicycles Market Dynamics
8.1 Road Bicycles Industry Trends
8.2 Road Bicycles Market Drivers
8.3 Road Bicycles Market Challenges
8.4 Road Bicycles Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Published By : QY Research
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